Cardano (ADA) is emerging as the blockchain of choice for inventors, as daily transaction volume on the network surges to an impressive $13.25 billion.
This puts ADA at the top of the list for blockchain transaction volume, well ahead of Bitcoin (BTC) and Ethereum (ETH), according to data from cryptocurrency analytics platform Messari.
Bitcoin is a distant second with $0.59 billion, while Ethereum saw $3.03 billion in 24-hour trading volume.
The surge in Cardano’s popularity can be attributed to the recent meme coin craze, with the blockchain’s DeFi applications witnessing a large increase in transactions after the launch of two new meme crypto assets – Snek and Pepeblue.
Meanwhile, Ethereum’s gas fees have been soaring, surpassing $30 million in recent days, which could be driving investors towards Cardano.
